Gold has broken major support 1185 which confirms it has formed temporary top around 1238 and further selling is expected in coming days .
On the downside break of 1185 will take the commodity to 1160/1138 in short term.
The minor resistance is around 1205 and any indicative break above would extend gain to $1213/1223. Overall trend reversal only above $1238.
Indicators (4 Hour chart)
(50) – Sell
(14) – Sell
Recommendation: Sell Gold around 1185-90, SL 1206, Target $1160/1141.